Indara Insurance PCL Balance Sheet

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	2,849	2,978	491.82	2,038	0.58
Investments in Equity & Preferred Securities	285.88	271.83	87.42	89.24	13.9
Other Investments	-	-	1,624	529.78	87.27
Total Investments	3,135	3,250	2,203	2,657	368.69
Cash & Equivalents	821.31	609.39	860.23	1,410	71.87
Reinsurance Recoverable	3,876	2,048	4,982	5,066	77.8
Other Receivables	75.25	57.66	642.67	627.76	40.41
Property, Plant & Equipment	52.12	32.97	17.62	42.91	34.07
Other Intangible Assets	21.6	6.66	0.04	0.08	0.12
Restricted Cash	-	-	2.07	2.93	-
Other Current Assets	81.56	81.81	124.88	202.87	19.54
Long-Term Deferred Tax Assets	182.64	159.26	143.11	157.35	36.64
Other Long-Term Assets	4.67	25.62	222.61	299.96	56.2
Total Assets	8,251	6,271	9,198	10,466	705.34
Accrued Expenses	166.45	166.48	232.96	274.82	19.4
Insurance & Annuity Liabilities	1,665	1,470	-	-	-
Unpaid Claims	4,589	2,602	3,100	3,934	191.15
Unearned Premiums	-	-	2,596	2,572	242.28
Reinsurance Payable	24.54	40.31	1,931	2,581	37.24
Current Portion of Leases	-	-	-	8.4	5.8
Current Income Taxes Payable	23.06	119.84	45.44	25.45	-
Long-Term Leases	48.58	29.51	9.11	6.28	0.12
Other Current Liabilities	16.87	14.88	7.05	14.6	-
Other Long-Term Liabilities	126.12	152.91	125.73	97.06	19.75
Total Liabilities	6,711	4,642	8,085	9,543	534.68
Common Stock	120	120	100	100	100
Additional Paid-In Capital	328.11	328.11	138.11	138.11	138.11
Retained Earnings	1,004	1,116	824.78	628.6	-78.17
Comprehensive Income & Other	87.27	64.53	50.74	56	10.72
Shareholders' Equity	1,539	1,629	1,114	922.71	170.66
Total Liabilities & Equity	8,251	6,271	9,198	10,466	705.34
Filing Date Shares Outstanding	12	12	10	10	10
Total Common Shares Outstanding	12	12	10	10	10
Total Debt	48.58	29.51	9.11	14.68	5.92
Net Cash (Debt)	772.72	579.88	851.11	1,395	65.95
Net Cash Growth	33.26%	-31.87%	-39.00%	2015.60%	26.82%
Net Cash Per Share	64.39	52.51	85.11	139.52	6.60
Book Value Per Share	128.27	135.73	111.36	92.27	17.07
Tangible Book Value	1,518	1,622	1,114	922.63	170.54
Tangible Book Value Per Share	126.47	135.18	111.36	92.26	17.05
Land	2.4	2.4	8.22	20.29	20.29
Buildings	3.14	3.03	8.38	30.18	30.18
Machinery	13.92	12.88	25.83	40.5	40.17

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.